Truist Financial Corp Increases Stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Truist Financial Corp lifted its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 207.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,543,398 shares of the company’s stock after acquiring an additional 2,389,718 shares during the period. Truist Financial Corp’s holdings in Schwab US Dividend Equity ETF were worth $96,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHD. Central Pacific Bank Trust Division raised its position in shares of Schwab US Dividend Equity ETF by 200.0% in the 4th quarter. Central Pacific Bank Trust Division now owns 906 shares of the company’s stock valued at $25,000 after purchasing an additional 604 shares during the last quarter. Hoese & Co LLP purchased a new position in Schwab US Dividend Equity ETF during the 4th quarter worth approximately $26,000. IFS Advisors LLC raised its position in Schwab US Dividend Equity ETF by 184.4% during the 4th quarter. IFS Advisors LLC now owns 1,078 shares of the company’s stock worth $29,000 after buying an additional 699 shares during the last quarter. Kennebec Savings Bank purchased a new position in Schwab US Dividend Equity ETF during the 3rd quarter worth approximately $31,000. Finally, Olistico Wealth LLC raised its position in Schwab US Dividend Equity ETF by 202.2% during the 4th quarter. Olistico Wealth LLC now owns 1,118 shares of the company’s stock worth $31,000 after buying an additional 748 shares during the last quarter.

Schwab US Dividend Equity ETF Trading Down 0.2 %

SCHD opened at $27.79 on Monday. Schwab US Dividend Equity ETF has a 12-month low of $25.18 and a 12-month high of $29.72. The firm has a market capitalization of $19.49 billion, a PE ratio of 15.04 and a beta of 0.74. The firm has a 50 day moving average of $27.72 and a two-hundred day moving average of $28.00.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.